MIRA INFORM REPORT
|
Report No. : |
344360 |
|
Report Date : |
10.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
AFFY PHARMA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G-1/701, Industrial Area, Phase-II, Bhiwadi - 301019, Rajasthan |
|
Tel. No.: |
91-120-4297000 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
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|
|
Date of
Incorporation : |
17.08.1990 |
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|
|
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Com. Reg. No.: |
17-005545 |
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Capital
Investment / Paid-up Capital : |
Rs.1.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24232RJ1990PTC005545 |
|
|
|
|
IEC No.: |
0508075009 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA11730F |
|
|
|
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PAN No.: [Permanent Account No.] |
AAACA9155F |
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|
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CST No.: |
02030200920C |
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VAT No.: |
02030200920V |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of pharmaceuticals products |
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|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 380000 |
|
|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a private company incorporated on 17th August,
1990. It has moderate track record. Management of the company has failed to file its financial for the year
2014 with the Government Department. As per available financial 2013, there is dip in the turnover and
profit of the company. Short term borrowings of the company has increased as
compare to previous year. However, trade relation are fair. Business active. Payment are
reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Ms. Dipika |
|
Designation : |
Account Manager |
|
Contact No.: |
91-120-4297000 |
|
Date : |
08.10.2015 |
LOCATIONS
|
Registered Office : |
G-1/701, Industrial Area, Phase-II, Bhiwadi - 301019, Rajasthan, India |
|
Tel. No.: |
91-120-4297000 |
|
Fax No.: |
91-120-4116862 |
|
E-Mail : |
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|
Website : |
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|
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|
Head Office: |
No. 510, 513, Devika Towers, Chander Nagar, Sahilbabad Ghaziabad –
201011, Uttar Pradesh, India |
|
|
|
|
Factory: |
Village Thana, Baddi, District – Solan - 111111, Himachal
Pradesh, India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Arvind Billa |
|
Designation : |
Director |
|
Address : |
N-101, Block-N,, Anupam Apartment, East Arjun Nagar, Delhi - 110092, India |
|
Date of Birth/Age : |
18.08.1960 |
|
Date of Appointment : |
17.08.1990 |
|
DIN No.: |
00148194 |
|
|
|
|
Name : |
Sangeeta Billa |
|
Designation : |
Director |
|
Address : |
N-101, Block N, Anupam Apartments, East Arjun Nagar, Delhi - 110092, India |
|
Date of Birth/Age : |
01.04.1962 |
|
Date of Appointment : |
28.10.2001 |
|
DIN No.: |
00147714 |
|
|
|
|
Name : |
Piare Lal Billa |
|
Designation : |
Director |
|
Address : |
N-101, Anupam Apartment, East Arjun Nagar, Delhi, 110032, India |
|
Date of Birth/Age : |
15.06.1935 |
|
Date of Appointment : |
15.07.2005 |
|
DIN No.: |
01033903 |
KEY EXECUTIVES
|
Name : |
Ms. Dipika |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Arvind Billa |
|
126050 |
|
Sangeeta Billa |
|
19500 |
|
Piare Lal Billa |
|
1500 |
|
Kaushalya Billa |
|
1950 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of pharmaceuticals products |
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Products : |
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|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash, L\C and Credit |
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Purchasing : |
Cash, L\C and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
Information declined by the management
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Financial
Institute: |
District Industries Centre S.W.C.A. Baddi (H.P.), District Industries Centre, S.W.C.A., Baddi - 173205, Himachal Pradesh, India |
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|
|
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Auditors : |
|
|
Name : |
Rajesh Prem and Associates Chartered Accountants |
|
Address : |
3E/6, Jhandewalan Extension,
New Delhi – 110055, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAGFR4978L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.10/- each |
Rs.1.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.10/- each |
Rs.1.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.500 |
1.500 |
1.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
130.349 |
112.423 |
94.096 |
|
|
4] Capital Subsidy |
0.250 |
0.250 |
0.250 |
|
|
NETWORTH |
132.099 |
114.173 |
95.846 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
26.687 |
26.499 |
26.006 |
|
|
2] Unsecured Loans |
3.244 |
0.020 |
0.006 |
|
|
TOTAL BORROWING |
29.931 |
26.519 |
26.012 |
|
|
DEFERRED TAX LIABILITIES |
0.471 |
0.471 |
0.545 |
|
|
|
|
|
|
|
|
TOTAL |
162.501 |
141.163 |
122.403 |
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|
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
47.711 |
48.148 |
42.342 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
55.406 |
53.372 |
70.505 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
40.960
|
34.764
|
28.535
|
|
|
Sundry Debtors |
51.612
|
33.235
|
38.942
|
|
|
Cash & Bank Balances |
3.075
|
5.242
|
2.714
|
|
|
Other Current Assets |
1.607
|
1.607
|
1.602
|
|
|
Loans & Advances |
16.600
|
11.161
|
13.367
|
|
Total
Current Assets |
113.854
|
86.009
|
85.160
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000
|
0.000
|
|
|
Other Current Liabilities |
52.943
|
45.857
|
69.838
|
|
|
Provisions |
1.527
|
0.509
|
5.766
|
|
Total
Current Liabilities |
54.470
|
46.366
|
75.604
|
|
|
Net Current Assets |
59.384
|
39.643
|
9.556
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
162.501 |
141.163 |
122.403 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
227.259 |
241.128 |
364.945 |
|
|
Other Income |
12.880 |
11.787 |
3.365 |
|
|
TOTAL
|
240.139 |
252.915 |
368.310 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost Of Goods Sold |
182.633 |
181.879 |
298.187 |
|
|
Administrative and Other Expenses |
38.112 |
50.656 |
53.916 |
|
|
TOTAL
|
220.745 |
232.535 |
352.103 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
19.394 |
20.380 |
16.207 |
|
|
|
|
|
|
|
Less |
TAX |
1.467 |
2.054 |
2.692 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
17.927 |
18.326 |
13.515 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
119.51 |
122.17 |
90.10 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
80.000 |
|
|
|
(stop production
of progesterone capsule) |
|
The above information has been parted by Ms. Dipika (Account Manager).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
7.89 |
7.60 |
3.70 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.17
|
0.24 |
0.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.18 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.23
|
0.23 |
0.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.09
|
1.86 |
1.13 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
1.500 |
1.500 |
1.500 |
|
Reserves & Surplus |
94.096 |
112.423 |
130.349 |
|
Net
worth |
95.596 |
113.923 |
131.849 |
|
|
|
|
|
|
Secured Loans |
26.006 |
26.499 |
26.687 |
|
Unsecured Loans |
0.006 |
0.020 |
3.244 |
|
Total
borrowings |
26.012 |
26.519 |
29.931 |
|
Debt/Equity
ratio |
0.272 |
0.233 |
0.227 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
364.945 |
241.128 |
227.259 |
|
|
|
-33.928 |
(5.752) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
364.945 |
241.128 |
227.259 |
|
Profit |
13.515 |
18.326 |
17.927 |
|
|
3.70% |
7.60% |
7.89% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL RESULTS
During the year the turnover of the company has achieved to Rs.240.139 Million and resulting in a net profit of Rs.19.394 Million as compared to be the previous year the turnover of Rs.252.916 Million and profit of Rs.20.381 Million
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
FROM DIRECTORS |
|
|
|
Arvind Billa |
2.219 |
0.000 |
|
P.L. Billa |
0.000 |
0.000 |
|
Sangeeta Billa |
1.024 |
0.020 |
|
Total |
3.243 |
0.020 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10431411 |
24/05/2013 |
97,800,000.00 |
CITIBANK N.A |
DLF SQUARE, JACARANDA MARG, M BLOCK, DLF CITY II, |
B77221554 |
|
2 |
10415052 |
12/06/2013 * |
25,000,000.00 |
CITIBANK N.A |
JEEVAN BHARTI BUILDING, 4TH FLOOR, 124 CONNAUGHT |
B77976827 |
|
3 |
10258175 |
21/12/2010 |
19,045,136.00 |
DISTRICT INDUSTRIES CENTRE S.W.C.A. BADDI (H.P.) |
DISTRICT INDUSTRIES CENTRE, S.W.C.A., BADDI, HIMACHAL PRADESH - 173205, INDIA |
B02752897 |
|
4 |
10214171 |
15/03/2010 |
10,000,000.00 |
THE NAINITAL BANK LIMITED |
G B PANT ROADNAINITAL, NAINITAL, UTTARANCHAL, UTTAR PRADESH - 263001, INDIA |
A83841296 |
|
5 |
10214168 |
06/02/2012 * |
100,000,000.00 |
THE NAINITAL BANK LIMITED |
G B PANT ROADNAINITAL, NAINITAL, UTTARANCHAL, UTT |
B36219285 |
|
6 |
10190556 |
30/10/2009 |
1,657,000.00 |
THE NAINITAL BANK LIMITED |
G B PANT ROADNAINITAL, NAINITAL, UTTARANCHAL, UTTAR PRADESH - 263001, INDIA |
A75358739 |
|
7 |
10107431 |
30/11/2007 |
650,000.00 |
THE NAINITAL BANK LIMITED |
G B PANT ROADNAINITAL, NAINITAL, UTTARANCHAL, UTTAR PRADESH - 263001, INDIA |
A28877249 |
|
8 |
10006554 |
25/03/2008 * |
25,000,000.00 |
THE NAINITAL BANK LIMITED |
G B PANT ROADNAINITAL, NAINITAL, UTTARANCHAL, UTTAR PRADESH - 263001, INDIA |
A38251740 |
* Date of charge modification
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.78 |
|
UK Pound |
1 |
Rs.99.54 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
GTA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.